A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023., Britain's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range, lifting its shares in a parting boost for outgoing CEO Philip Jansen.
Lower unit build costs in rolling out BT's new fibre network helped boost profits and mean normalised cash flow for the 2024 financial year is now expected at the top end of its 1 billion pound to 1.2 billion pound range, the company said. In July, the company named Allison Kirkby, a board member and the boss of Sweden's Telia Company, as its next boss to replace Jansen.
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